INCOME PER SHARE

3 Months Ended

Mar. 31, 2016

Income per ordinary share:

INCOME PER SHARE

NOTE 13 – INCOME PER SHARE

Net Income per share – basic, is calculated by dividing net income by the weighted average number of ordinary shares outstanding during each period. Net income per share – diluted, is computed by dividing net income attributable to shareholders by the weighted average number of ordinary and potentially dilutive ordinary share equivalents outstanding during the period. Potentially dilutive ordinary share equivalents consist of shares issuable upon the exercise or settlement of options to purchase ordinary shares, restricted stock unit grants and outstanding put option contracts on the Company’s own stock (if applicable).

Potentially dilutive securities, using the treasury stock method are set forth in the following table, which presents the computation of basic and diluted net income per ordinary share attributable to shareholders (in thousands, except for per share information):

	Three Months Ended March 31,
	2016		2015
Numerator:	(in thousands)
Net income	$	734	$	1,308
Denominator:
Denominator for basic net income per share - weighted
average ordinary shares outstanding		15,647		17,868
Effect of dilutive options to purchase ordinary shares		1		7
Effect of dilutive options or restricted stock units vesting,
exercised or expired during the period		1		2
Denominator for diluted net income per share - weighted
average ordinary shares outstanding		15,649		17,877
Net income per ordinary share attributable to shareholders
Basic	$	0.05	$	0.07
Diluted	$	0.05	$	0.07

For the three months ended March 31, 2016 and 2015, 3,856,847 and 2,097,356 outstanding ordinary share options and restricted stock units, respectively, were excluded from the earnings per share calculation because they would be anti-dilutive.